The Swiss Federal Statistical Office (SECO) issued data on Thursday morning regarding the country's GDP for the fourth quarter of last year, which came in lower than expected by the markets. According to the data provided, Switzerland's GDP recorded a growth of 1.5% year-on-year in the fourth quarter, while markets were forecasting a growth of 1.6%, following a rise of 1.9% in the third quarter after a downward revision from 2%. On a quarterly basis, Switzerland's GDP growth rate slowed to 0.2% in the fourth quarter, with forecasts also indicating growth at the same rate. In the third quarter, the Swiss economy recorded a growth of 0.4%. It is worth noting that GDP is a measure of the total value of all goods and services produced within Switzerland. GDP is also considered a broad measure of economic activity, and an increase in the growth rate typically positively impacts the movements of the Swiss franc against other currencies, while a decline in the index negatively affects the Swiss franc.
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